It's weird to say this, but I think Bitcoiners are forming a new nation. The first ever digitally native nation. I mean that in the sense that the United States of America used to be a nation. England used to be a nation, etc. Globalization essentially dissolved those nations of people. The States still exist but the nations are going extinct. In the internet age, people don't believe in the old idea of belonging to a nation based on blood and soil. Why sacrifice for the people in my country if they don't share my values? Why sacrifice for the people in my country if they aren't reciprocating my efforts? They are just taking from me. This sucks. Ironically, the answer to globalization was to form the first truly global nation based on internet protocols, not geography. Bitcoiners can meet each other all over the world and click almost immediately. It is like you are meeting someone you've known for a long time when you meet a fellow Bitcoiner. Because you know you've had shared experiences and you have shared values. You've been reading and watching the same things. That's what a nation of people is supposed to feel like. A big family. This is not to say that Bitcoiners will create a state a la Balaji's Network State thesis. Bitcoiners tend to despise government. I find it hard to imagine that we would voluntarily build a Networked Nation State. It is a remarkable story, nevertheless. A tribe, a nation, that is forming across the globe, connected by a single open source software program. (And now a second one, in Nostr). Perhaps other nations will form digitally in the coming decades. But I find it hard to believe that they will be as strong and as powerful as Bitcoin Nation.
My game theoritic mind thinks that the US will ultimately rug pull the world on gold, and pivot to Bitcoin. Why go to all this trouble with the SBR, with the close relationship with Tether? Why go to the trouble of doing GENIUS & CLARITY? The US knows it's in deep shit. The US knows it's rivals have a shit ton of gold. Everyone is rushing out of paper into commodities. Those gotdam commies in China are heavy on gold but light on Bitcoin. Why not stick it to those bastards and say, 'hey, nice shiny rock you got there. We're about to play checkmate on you assholes with digital gold. Fuck you." πŸ™πŸ‡ΊπŸ‡Έ
Government = criminal gangsters Banking + Finance = criminal fraudsters With their powers combined, they are Captain Fiat! Here to take everything from you and make you their slave but try to make you believe you should say thank you.
The Paper Chasers are not gonna have a good time over the next five years. Physical commodity holders will likely do very well. Bitcoin self-custodians will do best.